Putnam 1st Mercantile Bank: how it compares with its peers
Against 39 TN banks with half to twice its assets, Putnam 1st Mercantile Bank's strongest measure in Q2 2026 is efficiency ratio (48.42% vs. a 67.05% peer median). Its weakest relative measure is net interest margin (4.18% vs. 3.99%).
| Measure | Putnam 1st Mercantile Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 1.93% | 0.88% | Top third Ahead of 90% of peers |
| Net interest margin Annualized net interest income over earning assets. | 4.18% | 3.99% | Middle third Ahead of 64% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 48.42% | 67.05% | Top third Ahead of 92% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $6.9M | $6.0M | Top third Ahead of 72% of peers |
| Loans to deposits Net loans and leases over total deposits. | 91.76% | 80.34% | Context |
What it means for lending operations
Its efficiency ratio of 48.42% is better than the 67.05% peer median. Banks that already run lean usually find their next gains in loan growth: faster digital applications and fewer borrowers abandoning a slow document chase.
Banks closest in size
- UBank Knoxville, TN · $183M
- Heritage Community Bank Greeneville, TN · $184M
- Citizens Savings Bank and Trust Company Nashville, TN · $188M
- Peoples Bank & Trust Company Manchester, TN · $169M
- Central Bank Savannah, TN · $160M
- Harpeth Bank & Trust Franklin, TN · $198M
Questions about Putnam 1st Mercantile Bank
How big is Putnam 1st Mercantile Bank?
Putnam 1st Mercantile Bank, established in 2005, is headquartered in Cookeville, TN. It reported $179M in total assets in its Q2 2026 FDIC call report and operates 3 offices.
What is Putnam 1st Mercantile Bank's return on assets?
1.93% annualized in Q2 2026, against a 0.88% median for 39 TN banks with half to twice its assets, ahead of 90% of them.
What is Putnam 1st Mercantile Bank's efficiency ratio?
48.42% in Q2 2026: it spent about 48 cents in noninterest expense for each dollar of revenue. The peer median is 67.05%, and lower is better.
Is Putnam 1st Mercantile Bank growing its loans?
Net loans grew 19.8% over the year to Q2 2026, while deposits grew 16.3%.
Sources and method
Figures are from the FDIC’s public call report data for the quarter ending 06/30/2026, via FDIC BankFind. Return on assets and net interest margin are annualized year to date. Peers are TN banks with half to twice its assets in the same quarter, excluding this bank. The page refreshes daily, so new quarters appear as banks file. Compare another bank or see every Tennessee bank ranked.